Will Admiral break support, or will it rise again back to 2137p highs?

• Admiral has rising support since Jan 2017, having bounced 11 times, most recently last week.
• Now trading 1949.25p (at time of writing).
• Shares -9.5% from 2018 highs; +7.8% from 2018 lows; -2.6% year-to-date.
• 1 Oct: Peel hunt says UK motor insurers beat Lloyd’s members for value
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading Admiral – An Example

Let’s say you like the Admiral chart and you think the price is heading back towards 2137p again. You decide to buy exposure to £10,000 worth of Admiral using a CFD, at the current price of 1949.25p. To do this, you need £2,000.

Let’s assume Admiral rises back to 2137p (+9.6%). Your profit would be £1030, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Admiral falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.